Teylor AG, the Swiss SME lending fintech, has successfully closed its most recent funding round and has managed to win a number of strategic investors. Amongst others, the new investors include Steinbeis, a platform for company startups and one of the world’s most successful providers of know-how and technology transfers, as well as other private investors and family offices with long-standing track records in the financial services industry.
The additional funding will help Teylor to grow its share of the German SME lending market and acquire new partner banks for its Software-as-a-Service lending platform. The strong profiles of the new investors will help Teylor to achieve its goals and close new strategic partnerships in order to grow the company and develop the product.
With the launch of the Teylor Loan and the Teylor Lending Platform at the beginning of 2019, Teylor has been able to bring to market one of the fastest and easiest ways for small businesses to get a loan and for banks to automate their lending and underwriting processes. The decision by these new investors to participate in the growth of Teylor is a reflection of the strength of the product and the potential of the market that the company is operating in.
Patrick Stäuble, CEO & Founder of Teylor, says, “We are excited to have gained such great partners who will help us expand Teylor and our product offering. Together with our new investors, we will grow our distribution network, increase our product offering, and expand our team over the coming months.”
Teylor has developed the Teylor lending-platform and the Teylor Loan, one of the fastest and most comfortable business loans in Germany. Teylor’s solution helps German small and medium-sized businesses, which are neglected by traditional banks, to get access to financing. The Zurich-based company was founded in 2018 by Patrick Stäuble and is licensed in Switzerland and in Germany. Besides offering the Teylor-Loan to borrowers directly, Teylor also offers banks and other lenders a licensed version of the technology and the loan application process as Software-as-a-Service solution.
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Further Information and Logo: https://www.teylor.io/de/